After a month of range-bound trading, the Gold futures may be reaching a decision point. Since the middle of July the gold futures have travelled within a relatively narrow range, from about 1585 to 1630. But there are signs the...
Read MoreLast week a simple and cryptic statement by Mario Draghi, the President of the European Central Bank, sent U.S. markets rocketing up. The statement was nothing unusual. Draghi promised “to do whatever is needed” to...
Read MoreGold is clearly primed for a break-out … but in which direction? For the past two months the price of gold has been travelling within an increasingly narrow descending triangle pattern. That kind of pattern on the price...
Read MoreThe week ending July 13, 2012 was almost a write-off for gold traders. The futures opened Monday around 1582 and closed Friday around 1592. Nobody can make money in a market that only moves 10 points a week, right? Wrong. Nat...
Read MoreThe S&P 500 cash index (SPX) closed at 1354.68 on Friday, down 7.48 points for a net weekly loss of 0.5 %. Last Friday the ECB cut its interest rate to 0.75% from 1% and the BOE kept interest rates unchanged but provided an...
Read MoreThe S&P 500 cash index (SPX) closed at 1362.16 on Friday, up 27.16 points for a net weekly gain of 2%. Last Friday, another EU summit announcement gave new birth to the bulls – again. It not only boosted to the...
Read MoreThe S&P 500 cash index (SPX) closed at 1325.66 on Friday, up 30.44 points for a net weekly gain of 2.35% Last week $SPX had the best weekly performance of 2012. This week is a major option expiration week, quadruple witching...
Read MoreThis week 1600-1596 will remain the key zone for GOLD. This key zone acts as a median line. If GOLD moves above it, the key zone will immediately act as support. If GOLD stays below that level the price could move back down to...
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